Rosalind Brewer (NASDAQ: UAL) granted 2,130 director share units
Rhea-AI Filing Summary
BREWER ROSALIND G reported acquisition or exercise transactions in this Form 4 filing.
United Airlines Holdings director Rosalind G. Brewer received a grant of 2,130 share units, representing the economic equivalent of 2,130 shares of common stock. The award relates to her 2026 annual director equity grant. Upon vesting, 50% of the share units will be settled in cash based on the company’s stock price at settlement and 50% in shares of common stock. Brewer elected to defer 50% of this 2026 equity award into a share account under the Director Equity Incentive Plan, to be settled after she separates from service. Additional share units will accrue over time as dividends are paid on the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BREWER ROSALIND G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Units | 2,130 | $0.00 | $0.00 |
Holdings After Transaction:
Share Units — 2,130 shares (Direct)
Footnotes (3)
- F1. Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.
- F2. (Continued from Footnote 1) Notwithstanding the foregoing, the Reporting Person elected to defer 50% of the Reporting Person's 2026 annual director equity award into a share account pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP"). Therefore, 50% of all the share units granted to the Reporting Person for the 2026 annual director equity award will be settled following the Reporting Person's separation from service in accordance with the terms of the DEIP.
- F3. Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.
Key Figures
Share units granted: 2,130 share units
Underlying common stock: 2,130 shares
Settlement mix: 50% cash / 50% stock
+2 more
5 metrics
Share units granted
2,130 share units
2026 annual director equity award grant on May 20, 2026
Underlying common stock
2,130 shares
Each share unit equals one share of common stock
Settlement mix
50% cash / 50% stock
Settlement allocation upon vesting or settlement of share units
Deferral election
50% of 2026 award deferred
Deferred into share account under Director Equity Incentive Plan
Vesting/settlement date reference
May 20, 2027
Exercise/vesting-related date associated with awarded share units
Key Terms
share units, Director Equity Incentive Plan, DEIP, dividends, +1 more
5 terms
Director Equity Incentive Plan financial
"pursuant to the terms of the Company's Director Equity Incentive Plan ("DEIP")."
DEIP financial
"in accordance with the terms of the DEIP."
dividends financial
"Additional share units accrue when and as dividends are paid on the Company's common stock."
Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did United Airlines (UAL) director Rosalind Brewer report on this Form 4?
Rosalind G. Brewer reported receiving a grant of 2,130 share units tied to United Airlines common stock. These units form part of her 2026 annual director equity award and will convert into a mix of cash and shares when they vest or are ultimately settled.
What deferral election did Rosalind Brewer make for her 2026 UAL director equity award?
Rosalind Brewer elected to defer 50% of her 2026 annual director equity award into a share account under United Airlines’ Director Equity Incentive Plan. That deferred portion will be settled only after her separation from service, according to the plan’s terms and timing rules.